Morning Daily - 2020-07-03

ETAuto Newsletter | Friday, July 3, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
ETAuto Originals
• COVID-19 Impact: Bharat Forge says no Capex plan for this year; lost orders worth Rs 200 cr on lockdown
• ETAutoTV: Digital is disrupting Indian tyre market, says Parag Satpute, Bridgestone India
• Work from Home is here to stay: R AnandaKrishnan, TVS Motor
Top Stories
• NHAI suffered loss of all data in last week's ransomware attack
• Motherson Sumi Systems approves group reorganisation plan
• M&M outlines new roadmap for auto, farm verticals HBL
• Demand Isn't The Biggest Problem For Indian Automakers, Says Maruti Suzuki's RC Bhargava BloombergQuint
• Daimler CEO sees drastic pay cuts, deeper restructuring
• Maruti Suzuki launches vehicle lease subscription service
• Rural demand, small cars could revive auto sales: why Kia needs to tweak its urban-focused portfolio ET Prime
• FICCI urges govt to extend FAME-II for two years to boost EV demand
• Auto sales likely to see sequential growth in next 2 months: Report
• Auto sector revenue drops 15% in Jan-Mar: Ind-Ra
• Getting employees to think out of the box HBL
• Fiat Chrysler to Workers: We'll Decide When Our Plants Shut Down, Thank You The Truth About Cars
• Bugatti Veyron Designer Joins Volkswagen After Leaving Rolls-Royce Forbes
• European Autos Hit Hardest By Coronavirus, But Worst-Case Scenarios For 2020 Are Being Scaled Back Forbes
• Key Strategies To Build An Agile Workplace For Business Continuity Forbes
• Japan asks US to hand over ex-Green Beret who helped Ghosn Nikkei Asian Review
• China's 'Tesla killer' becomes first to use latest Nvidia AI chip Nikkei Asian Review
• Ford taps Disney Media Works to mark the return of the Bronco SUV TechCrunch
• Velodyne becomes latest tech company to go public using a SPAC, eschewing the traditional IPO path TechCrunch
• BMW Chairman: "We Will Be Taking Sustainability To A Whole New Level" CleanTechnica
Monthly Sales
• Kia Motors sells 7,275 unit in June 2020
• Bajaj Auto total sales down 31% to 278,097 units in June 2020
• Sonalika domestic sales up 55% in June at 13,691 units
Industry
• Auto majors hit export roadblocks with neighbouring countries
• RBI asks banks to reclassify MSMEs as per revised criteria
• NHAI to set up InvIT; forms search panel for Investment Manager Board
• Tesla beats vehicle delivery estimates for second quarter
• India's trade deficit with China reduces to USD 48.66 bn in FY20
• FM asks GST officers to proactively address issues faced by biz, simplify tax administration
• Business groups say flexibility needed to implement new North American trade deal
• Rupee rises 10 paise to 75.50 against US dollar in early trade
• Sensex, Nifty rise on vaccine hopes
• French, Greeks are Europe's rudest drivers
• Indias growing economic reliance on China may be tough to break
Passenger Vehicle
• Elon Musk mocks regulators, short-sellers as Tesla soars
• German car sales plunge 40%, set for worst year since 1989
• Tesla denies reports of firing employees who chose to stay at home
• Daimler to take 10% Farasis stake as part of battery cell pact
• Lexus India undeterred by COVID-19, planning to launch 3 cars in 2020
• China auto sales set to rise 11% in June: CAAM
• Elon Musk says Tesla is building RNA microfactories for CureVac
• Mercedes Benz to resume 2nd shift in Brazilian factory as sales slowly recover
• Honda Cars India launches new Honda WR-V, priced from Rs 8.49 lakh
• State aid helps French car sales bounce back from virus pain
• Ford opens Mustang Mach-E booking, reveals specifications
Commercial Vehicle
• Hyundai showcases HDC-6 Neptune concept truck in Korea
• Explosion in e-rickshaw kills driver in West Bengal's Malda
• TuSimple starts self-driving truck network with UPS, Berkshire Hathaway's McLane
Aftermarket
• U.S. to take stake in troubled trucking company YRC Worldwide
Auto Components
• Weak demand, oversupply and price decline to hit Indian steel industry: Ind-Ra
• Government assures measures to reduce logistics cost for steel players
Auto Finance
• HDFC Bank introduces instant auto loan ZipDrive in 1,000 cities
Oil & Lubes
• Oil price falls as growing coronavirus cases stoke fuel demand worries
• OPEC cuts output to lowest since 1991 as Coronavirus slams oil demand
• Pause on petrol, diesel price hike for 3rd consecutive day
 
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